Real Estate Appreciation for Bellingham, Washington: + 8.54%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Bellingham, Washington MSA appreciation it was + 8.54% (+ 2.14% yearly) from 1994 to 1997.
During the same time period, WA had + 15.18% (+ 3.79% yearly).
From 1994 to 1997, Washington outperformed the individual Bellingham, Washington MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Bellingham-WA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 98.93 | + 1.07% | + 4.29% |
| 1994 | 3 | 99.17 | + 0.24% | + 0.97% |
| 1994 | 4 | 97.56 | - 1.62% | - 6.49% |
| 1995 | 1 | 100 | + 2.50% | + 10.00% |
| 1995 | 2 | 99.95 | - 0.05% | - 0.20% |
| 1995 | 3 | 102.66 | + 2.71% | + 10.85% |
| 1995 | 4 | 102.56 | - 0.10% | - 0.39% |
| 1996 | 1 | 104.01 | + 1.41% | + 5.66% |
| 1996 | 2 | 103.18 | - 0.80% | - 3.19% |
| 1996 | 3 | 100.84 | - 2.27% | - 9.07% |
| 1996 | 4 | 103.21 | + 2.35% | + 9.40% |
| 1997 | 1 | 104.22 | + 0.98% | + 3.91% |
| 1997 | 2 | 103.21 | - 0.97% | - 3.88% |
| 1997 | 3 | 103.7 | + 0.47% | + 1.90% |
| 1997 | 4 | 106.24 | + 2.45% | + 9.80% |
There are a lot of ways to use the appreciation data for Bellingham, Washington .
Lets look at Bellingham, Washington, a city located in Bellingham, Washington MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Bellingham, Washington check out Spec-Loan.com
If you were going to do a Bellingham, Washington Refinance, or Bellingham, Washington Reverse Mortgages, you could estimate your home value.
If you knew your Bellingham, Washington home was worth $91,000.00 in 1994, you could multiply by + 8.54%, add the gain and see the home should be worth $98,772.37 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bellingham-WA from 1994 to 1997:
+ 2.14%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 98225 - BELLINGHAM, WA
MSA Pop: 176571Zip Pop: 42414
Avg Value: 140500
County: WHATCOM
Elev: 60
Region: West
Lat: 48.746963
Long: -122.49594